Category: Economics

A Storied History of the American Middle Class- Part 3 “The middle-class is the heart and backbone of this country”: an idea that has been a central position for many a presidential candidate, and for a long time it was a true statement. The middle class became the bedrock that sustained the country in times of volatility, ensuring continued success with better-paying jobs and a steady-stream of happy consumers. This strong declaration of the importance of the middle-class was even used during the 2016 election, although the upper-class had taken…

A Storied History of the American Middle Class- Part 2 “The middle-class is the heart and backbone of this country”: an idea that has been a central position for many a presidential candidate, and for a long time it was a true statement. The middle class became the bedrock that sustained the country in times of volatility, ensuring continued success with better-paying jobs and a steady-stream of happy consumers. This strong declaration of the importance of the middle-class was even used during the 2016 election, although the upper-class had taken…

A Storied History of the American Middle Class “The middle-class is the heart and backbone of this country”: an idea that has been a central position for many a presidential candidate, and for a long time it was a true statement. The middle class became the bedrock that sustained the country in times of volatility, ensuring continued success with better-paying jobs and a steady-stream of happy consumers. This strong declaration of the importance of the middle-class was even used during the 2016 election, although the upper-class had taken over an…

“An investment in knowledge pays the best interest” But who exactly are the main investors in the knowledge sought from schools? Though private institutes normally charge tuition fees from their students, public schools don’t. Public schools, also widely known as state schools, offer both primary and secondary education to students free of charge, and are usually non-selective i.e. inclusive, in admitting students in the area they serve. How then are they funded and who ensures they keep functioning well? Since they are state-owned, the obvious answer quite rightly, is that…

Economies across the globe strive towards progress and economic development. This is also often the prime goal or focus of governments, both state and local. Government officials are always striving towards attracting firms and businesses to help them grow and flourish. In doing so, they often end up offering financial incentives to potential firms and businesses. One of these most commonly provided incentives include tax subsidies. What Is A Tax Subsidy? Before knowing how business tax subsidies work, it is imperative to understand what exactly a tax subsidy is. Simply…

Do you ever find yourself evaluating your financial situation and anticipating your financial future? Or perhaps, reaching out to finance advisors to help you with wealth management and acquisition of necessary economic skills? This kind of financial literacy is what Personal Economics is all about. It allows you to bring financial stability and capability to your life. Furthermore, it helps you to envision the ups and downs you will encounter while handling your personal finances. Different Elements of Personal Economics While finance is a major part of Personal Economics, there…

Did you know that the U.S Economy is the world’s third largest economy? It is also one of the world’s most diversified economies, owing to its world-leading industrial sector. The U.S economy is said to be a mixed economy where both privately-owned businesses and the government play their respective roles. This means that it while it operates as a free market economy and allows the consumers to have a say in resource allocation, it also runs on the functions of a command economy where government takes the major decisions. But…

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To this day, Warren Buffett remains the world’s most skilled investor. In fact, Buffett says that the key to becoming a great and successful business man is to read books… to be more specific, read 500 pages in a day! “Knowledge builds like compound interest”, which Buffet says...